Opportunity to buy Business Centre in Senga Bay in Salima

Shops (Commercial Property)

Description

The Centre is being sold with Title Deeds as per the Law of the Land and Transfer and Registration is done via a Transferring Attorney in Malawi. As per standard practice this cost is for your account.

It is not a beach property - it is Business Centre, situated on the main Senga Bay road and nobody can get down to the lake without passing this Centre!

The coordinates are: South 13o 44’ 33.4’’ East 034o 35’ 40.1’’ - the picture sadly does not come up too clearly as it is either an old view or the reason someone said is because there is a secure facility opposite – the paracute battalion.

The Centre is situated on 0.3275 of a hectare of land and is made up of about of buildings - as follows:

*Standard Bank ATM that is in the 4th year of a 5-year renewable lease that is paid yearly in advance.
* 3 x Large Shops, two of which have very big kitchens and ablution facilities - third shop inter-leads to the house. The shops have a full length verandah in front and a further thatch awning for shade.
Shop No 1 has French doors leading out into the Tea Garden that is shady and cool with a number of large trees.
* Large Residential House (partially furnished) and while it is not what you or would have designed, it is nevertheless very cozy and comfortable and is made up as follows:
- 3 x Bedrooms
- 2 x Bathrooms
- Kitchen and big Pantry
- Dining Room
- Lounge
- Verandah with security bars
* Water tower with Water tank
- Storeroom/Generator room underneath the Water tower, with electricity
* Double Garage attached to Factory/Warehouse that could easily convert to an additional Business Premises or Cottage
* Small Factory-Processing-Warehouse with own Loading Dock
* Staff Cottage
- 2 x bedrooms
- 1 x lounge
- kitchenette
- shower and separate toilet
- Guardhouse at double gates

With lots of trees both inside and outside the compound it is a well-shaded property. It is situated a sensible and safe distance from the tar road and with a very high, nine foot, double thick brick wall, with more than 30 x 4-brick pillars to make it staunch. It is very private, safe and secure with excellent parking facilities both inside and outside the premises.

The property has three well-constructed sewage systems, one for the house, one for the shops and one for the Factory/Warehouse and Cottage. There is more than adequate
outside lighting and the shops each have in total, about 16 plug points...!

The House, Factory/Warehouse, Garage and Cottage are charged
"Residential" Rates and the Shops are charged at "Commercial" Rates
and you will be pleased to know that it is considerably less than South African rates. The ATM has its own Electricity Board and Meter and the Bank pays their electricity consumption, directly to ESCOM.

The roofs are in excellent condition. The Centre is only about 12 years old and has only been occupied for the past six years - so it is in pretty neat shape and condition. All the building are built with double bricks and the height, from floor to ceiling in the shops for example is 12ft - making it nice and cool.